Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, will the outstanding loan monies still owed by the Government of the Irish Republic to the UK Goverment be affected in any way by Parliament's decision to conclude the UK's exit from the EU by March 2019.
The UK Government expects repayment of the £3,226,960,000 bilateral loan to Ireland on time and in full, according to the schedule set out in the most recent statutory report which the Treasury provided to Parliament as required by Section 2 of the Loans to Ireland Act 2010. The last report was laid in Parliament on 7 November 2017 and is available in the Printed Paper Office. There is no direct connection between these terms and the decision to the leave the EU.
Table 2.A of the report provides the details of each of the loan disbursements made to Ireland by the Treasury, and the dates on which each tranche is due to be repaid.
Table 2.A
Disbursement Date | Loan amount | Loan Maturity Date |
14 October 2011 | £403,370,000 | 15 April 2019 |
30 January 2012 | £403,370,000 | 30 July 2019 |
28 March 2012 | £403,370,000 | 30 September 2019 |
1 August 2012 | £403,370,000 | 3 February 2020 |
19 October 2012 | £403,370,000 | 20 April 2020 |
6 March 2013 | £403,370,000 | 7 September 2020 |
6 June 2013 | £403,370,000 | 7 December 2020 |
26 September 2013 | £403,370,000 | 26 March 2021 |